0000950123-12-011650 Sample Contracts

JANUS ASPEN SERIES INVESTMENT ADVISORY AGREEMENT JANUS ASPEN INTECH U.S. LOW VOLATILITY PORTFOLIO
Investment Advisory Agreement • September 6th, 2012 • Janus Aspen Series • Colorado

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made this September 6, 2012, between JANUS ASPEN SERIES, a Delaware statutory trust (the “Trust”), and JANUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (“JCM”).

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June 21, 2012 Janus Aspen Series 151 Detroit Street Denver, Colorado 80206 Ladies and Gentlemen: As you know, Section 5 of our Investment Advisory Agreement dated September 6, 2012 provides for compensation payable to Janus Capital Management LLC...
Investment Advisory Agreement • September 6th, 2012 • Janus Aspen Series

This waiver/reimbursement paid by JCM to the Fund or any fee reduction by JCM pursuant to this letter, for a three year period commencing with operations of the Fund, JCM shall be permitted to recoup such reimbursement or fee reduction from the Fund, provided that at no time during the term of this letter shall the expenses allocated to the Fund, with the exceptions noted above, exceed 0.75% of average daily net assets. This provision survives the term of this letter.

Form of Exhibit (d)(72)
Sub-Advisory Agreement • September 6th, 2012 • Janus Aspen Series • Colorado

This SUB-ADVISORY AGREEMENT (the “Agreement”) is entered into effective as of the September 6, 2012, by and between JANUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (“Janus”) and INTECH INVESTMENT MANAGEMENT LLC, a Delaware limited liability company (“INTECH”).

LETTER AGREEMENT
Custodian Agreement • September 6th, 2012 • Janus Aspen Series

Please be advised that Janus Aspen Series (the “Trust”) has established Janus Aspen INTECH U.S. Low Volatility Portfolio as a new series of the Trust, effective on or about September 6, 2012. Pursuant to the existing Amended and Restated Custodian Contract between the Trust and State Street Bank and Trust Company (“State Street”), the Trust requests confirmation that State Street will act as custodian for the new series under the terms of the contract.

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